- For Sale Contact for pricing
- Property Type Office
- Year Built 1911
- Date Updated Apr 12, 2024
- Website 433fifthavenuenewyorkny.sharplaunch.com
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Highlights
- Beautiful Architecture Elegant turn-of-the-century design is perfectly suited to trend-setting experiential retailers and innovative boutique firms.
- National Anchor Long term three floor lease with a rapidly growing national brand with a full guarantee from the corporate parent.
- Boutique Office Appeal Prestigious 3,500 sf full-floor boutique office suites with broad industry appeal.
- Loss Factor Upside The Propertys office space is currently under-measured, creating an opportunity to add more than 3,000 RSF significant revenue growth upon expiration while maintaining attractive per-square-foot rents.
- Mark-to-Market Upside Current office leases are approximately 35% below market, delivering outstanding upside as office leases expire in 2022 and 2025.
- Lease-up Opportunity The Propertys two available suites, encompassing the entire third and fourth floors, create an immediate opportunity to grow cash flow convenient and prestigious Fifth Avenue full-floor boutique office space that presents an outstanding value proposition.
- Fifth Avenue Prestige Fifth Avenue is the most famous urban boulevard in the world, known for its iconic tourist destinations and unmatched commercial activity exceptional visibility, convenience and prestige.
- Bryant Park The Property is located just one block from Bryant Park, delivering a host of popular amenities while adding to the exclusivity of the Fifth Avenue location.
- Commercial Core The Property is situated in the midst of the worlds greatest concentrations of major corporations, creating a strong demand base for business services from the tenants at 433 Fifth Avenue.
- Lord & Taylor / WeWork Headquarters The iconic Lord & Taylor building is located directly across Fifth Avenue from the Property recently purchased by WeWork for $850 million and now undergoing a $438 million office and retail renovation that will bring thousands of new young professionals into the neighborhood.
- Outstanding Transportation Access Five minute walk to Grand Central, with 16 subway lines within easy walking distance exceptional convenience for both Property tenants and their clients.
- Excess Development Rights As built the property possesses approximately 30,000 square feet of unused development rights that could be sold or utilized in a redevelopment of the property or a larger assemblage.
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Contacts
Yoav Oelsner
Upland Property Advisors
(646) 908-4990
Glenn Tolchin
Upland Property Advisors
(646) 908-4989
Location
Getting Around
-
Walk Score ®
Walker's Paradise (99) -
Transit Score ®
Rider's Paradise (100) -
Bike Score ®
Very Bikeable (82)
- City New York, NY
- Neighborhood Murray Hill
- Zip Code 10016
- Market Manhattan
Points of Interest
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5th Avenue
0.18 miles
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Grand Central
0.19 miles
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Grand Central 42nd Street / Vanderbilt Avenue entrance
0.23 miles
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42nd Street–Bryant Park
0.25 miles
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Grand Central 42nd Street entrance
0.25 miles
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Grand Central 43rd Street / Vanderbilt Avenue entrance
0.27 miles
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42nd Street–Grand Central
0.28 miles
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Grand Central Terminal
0.28 miles
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34th Street–Herald Square
0.31 miles
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34th Street & Broadway at Northwest Corner
0.32 miles
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ChargePoint
0.51 miles
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Tesla Supercharger
0.57 miles
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ChargePoint
0.59 miles
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ChargePoint
0.64 miles
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Bus Charging Station
0.70 miles
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ChargePoint
0.72 miles
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ChargePoint
0.73 miles
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ChargePoint
0.76 miles
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ChargePoint
0.88 miles
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Mobil
0.89 miles
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Herald Square Shopping Court
0.24 miles
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Hippodrome Parking
0.28 miles
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Select Garages
0.28 miles
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SP+
0.34 miles
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City Parking
0.36 miles
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intlFcstone 10022 LOCi Multi
0.45 miles
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Quik Park Garage
0.50 miles
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Red Ball Garage
0.51 miles
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icon 24hr Parking
0.55 miles
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Icon Parking
0.55 miles
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Panera Bread
0.04 miles
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Norikoh
0.05 miles
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Salute
0.07 miles
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Chipotle
0.08 miles
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Dunkin'
0.08 miles
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CHILI 美麗
0.08 miles
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The Australian NYC
0.09 miles
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Sushi Ginza Onodera
0.09 miles
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McDonald's
0.09 miles
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Pret A Manger
0.09 miles
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Stella and Charles Guttman Community College
0.16 miles
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CUNY Graduate School and University Center
0.20 miles
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International Center of Photography
0.29 miles
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Stern College Yeshiva University
0.35 miles
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Norman Thomas High School
0.35 miles
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American Academy of Dramatic Arts
0.42 miles
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Rebecca School
0.45 miles
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CUNY Graduate School of Journalism
0.46 miles
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CUNY School of Professional Studies
0.46 miles
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Lyceum Kennedy French American School
0.49 miles
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Wee Ones Club
0.29 miles
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Everbrook Academy
0.43 miles
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Gymboree
0.46 miles
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Alpha Bet Preschool of Murray Hill
0.56 miles
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Push My Swing
0.63 miles
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St Vartan Play Group Preschool
0.63 miles
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NY Kids Club
0.70 miles
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The Accorn School
0.86 miles
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Samuel J. Heyman Early Childhood Center
1.06 miles
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14th Street Y - Childcare
1.37 miles